Meta, the parent company of Facebook and Instagram, posted its first revenue decline in history Thursday, dragged down by a drop in ad spending as the economy falters — and as competition from rival TikTok intensifies.
Sales of Pfizer’s COVID-19 vaccine and treatment in the second quarter propelled the pharmaceutical giant to the largest quarterly sales in its history. The coronavirus vaccine Comirnaty brought in $8.85 billion in sales, and the treatment Paxlovid added another $8.12 billion as company revenue totaled $27.74 billion.
JetBlue Airways has agreed to buy Spirit Airlines for $3.8 billion and create the nation’s fifth-largest airline if the deal can win approval from antitrust regulators. The agreement Thursday capped a months-long bidding war and arrives one day after Spirit’s attempt to merge with fellow budget carrier Frontier Airlines fell apart.
NEW YORK (AP) — Buzz Aldrin’s jacket worn on his historic first mission to the moon’s surface in 1969 has been auctioned off to a bidder for nearly $2.8 million. The $2,772,500 paid for the Apollo 11 Inflight Coverall Jacket is the highest for any American space-flown artifact sold at auction, according to Sotheby’s, which handled the sale.
NEW YORK (AP) — For more than a decade, US Bank pressured its employees to open fake accounts in their customers’ names in order to meet unrealistic sales goals, the Consumer Financial Protection Bureau said Thursday, in a case that is deeply similar to the sales practices scandal uncovered at Wells Fargo last decade. The CFPB alleged that US Bank accessed
WASHINGTON (AP) — What started as a $4 trillion effort during President Joe Biden’s first months in office to rebuild America’s public infrastructure and family support systems has ended up a much slimmer, but not unsubstantial, compromise package of inflation-fighting health care, climate change and deficit reduction strategies that appears headed toward quick votes in Congress.
KYIV, Ukraine (AP) — Russian forces launched a missile attack on the Kyiv area for the first time in weeks Thursday and pounded the northern Chernihiv region as well, in what Ukraine said was revenge for standing up to the Kremlin.
PHOENIX (AP) — Border officials got the go-ahead Thursday to fill four remaining gaps in the U.S.-Mexico wall near the southern Arizona community of Yuma to protect the safety of migrants and U.S. agents working there.
WASHINGTON (AP) — Barack Obama ‘s presidential portrait will be unveiled at the White House in a September ceremony hosted by his former No. 2, President Joe Biden.
WASHINGTON (AP) — The California man accused of plotting to kill Supreme Court Justice Brett Kavanaugh had an expansive goal to change the makeup of the Supreme Court “for decades to come,” according to a recent court filing that cites discussions the man had online.